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Why Intel Stock Surged Today

TheMotleyFool

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Shares of Intel (NASDAQ: INTC) rose sharply on Wednesday after the chipmaker announced a leadership change. As of 12:20 p.m. EST, Intel's stock price was up more than 7% after rising as much as 13.2% earlier in the day.

Intel CEO Bob Swan will step down on Feb. 15 and be replaced by VMWare CEO Pat Gelsinger.

Investors are hopeful that a new CEO can lead Intel to new heights. Image source: Getty Images.

Source Fool.com

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